Directors Dealing, Transaction in Own Shares & TVR

RNS Number : 2697T

IS Solutions PLC

24 March 2016

 

IS Solutions Plc

("IS Solutions" or the "Company")

Director's Dealing

Transaction in Own Shares and Total Voting Rights

Director's Dealing

The Company was notified today that on 24 March 2016 James Dodkins, Executive Director of the Company, sold 11,500 ordinary shares of 2 pence each in the Company ("Ordinary Shares") at 136.0p pence per Ordinary Share.

In addition to the above transaction the Company announces that James Dodkins has exercised 100,000 options over Ordinary Shares in the Company.

Following the above transactions, Mr. Dodkins has a resultant beneficial interest in 455,266 Ordinary Shares, representing approximately 1.2 per cent. of the Company's current total voting rights.

Transaction in Own Shares and Total Voting Rights

The Company announces that on 24 March 2016, 251,371 Ordinary Shares held in treasury have today been transferred to employees (including James Dodkins, as detailed above), following the exercise of options over Ordinary Shares.

Following this transaction, the Company holds 14,613 Ordinary Shares in treasury.

Pursuant to the above, the Company advises that the issued share capital of IS Solutions remains as 36,583,020 Ordinary Shares, with 14,613 Ordinary Shares held in treasury. Consequently, the total voting rights of the Company is 36,568,407.

The above voting rights figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

ENQUIRIES

IS Solutions Plc John Lythall, Managing Director Peter Kear, Executive Director Tel: [phone] or email: [e-mail] finnCap  (Nominated Adviser & Broker) Ed Frisby/Emily Watts - Corporate Finance Stephen Norcross - Corporate Broking Tel: [phone] TooleyStreet Communications  (IR & media relations) Fiona Tooley: Tel: [phone] or email: [e-mail]

EDITOR'S NOTE

IS Solutions Plc Accreditation: ISO27001; PCI (DSS) Ticker: AIM: ISL

Established in 1985, IS Solutions is a Data Solutions company focusing on three revenue streams, namely License Sales,  Projects and Recurring Revenue.  The recent acquisition of Celebrus has further strengthened its position as a leading player in the field of Analytics which is now its fastest growing sector.  Specifically, IS Solutions specialises in bringing together a range of components from various technological solutions providers and software developers to create a unified and fully functioning system for the end client.  The business employs 118 staff, including 3 in US, and 26 in Chennai, India, who provide product development and support. It also has a strong blue chip client base which includes Toyota and Toshiba as well as Saga, NHS, Compare The Market™, URENCO, M&S and HSBC. follow us: www.linkedin.com/company/issolutions

 

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